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Describe the main steps of prcject cost management process. Clearly state the input andoutput of each step of the cost management proces s. (6 Marla)

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Describe the main steps of prcject cost management process. Clearly state the input andoutput of each step of the cost management proces s. (6 Marla)
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Solution 1

The main steps of project cost management process are as follows:

  1. Cost Estimation:
    • Input: Project scope, project requirements, project schedule, resource rates, historical data.
    • Output: Cost estimates, including the total project cost and cost estimates for individual project activitie Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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